Australia's Gas Prices Stay Low Amid Middle East War
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Despite global energy prices soaring due to the Middle East conflict, Australias east coast spot gas prices remain low, unlike the 2022 crisis. This stability is attributed to producers holding back due to a proposed domestic gas reservation scheme, lower demand from electrification, and expanding gas networks. However, discussions on a potential windfall profits tax continue.
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